# NEW CITY BANK

> **Failed bank** · ORANGE, CA · failed 1987-03-20 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $6M

## What happened

NEW CITY BANK of ORANGE, CA was closed by regulators on **1987-03-20**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **COLONIAL BANK NATIONAL A** (ORANGE, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1396
- **FDIC Certificate:** 24789
- **FDIC FIN:** 2668
- **Bank name:** NEW CITY BANK
- **Location:** ORANGE, CA
- **Failure date:** 1987-03-20
- **FDIC resolution date:** 1987-03-20
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $6M
- **Deposits at failure:** $26M
- **Assets at failure:** $26M
- **Acquiring bank:** COLONIAL BANK NATIONAL A (ORANGE, CA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=NEW%20CITY%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NEW CITY BANK (FDIC ID 1396), failed 1987-03-20. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/1396.

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